A super league, which has traditionally had the support of the Italian public, has announced it is giving it all up to save the league.
The governing body of the Super Rugby league, the Pro Rugby League, is considering scrapping the All Blacks and the All Whites after they lost to the Wallabies at the Rugby World Cup.
In a statement, it said it was considering a change of format to create a single tier of competition, which would include the Wallahs, Hurricanes and Rebels.
The All Blacks won the competition for the first time in 2017, beating Australia by three tries.
The Super Rugby is a professional football league which started in 1978.
It is a joint venture between the Italian Football Federation and the Italian Rugby Union, which operates it from Italy.
Super Rugby commissioner Silvio Pascucci said the league had made it clear it was a financial impossibility to run the league for another six years and had no intention of continuing.
The league is also considering scraps of the All Black, Hurricanes, All Whites and Rebels, while the Wallaby franchise is considering the possibility of going elsewhere.
Super League chief executive John Hartley said in the statement: “In our view the current structure does not give us the financial stability to operate a Super League for another 18 months, and it is not in the interests of our stakeholders and supporters to risk another financial disaster.”
He said that while the current owners, the Super Power consortium, were in discussions with the IRFU, they were also considering alternatives.
“While this has been a very tough decision, I feel it is necessary to act in the best interests of the game in the long term.
The IRFU have been our primary financial backers, and we are very much in the position of a creditor of Super Rugby.”
The IRF, which owns the Wallace, the Wallabag, the Alloa and the Azzurri, has a long-term financial commitment to Super Rugby.
“This decision will benefit the IRF financially, as we will no longer have to incur losses to cover their costs, which will allow us to reinvest our funds in the sport and continue to invest in the game,” Hartley added.
“Super Rugby has long been a priority for the IRB, and this is our way of continuing to invest and grow the game for the future.”
The announcement follows a series of financial woes for the league, with the Super power consortium seeking a loan of €4.5m from the IRFs general fund, a loan which was rejected by the IRU.
The announcement of the decision by the governing body follows discussions between the IRBs and the Super powers.
The Wallabies and All Blacks have already announced they will move on to other leagues.
The Rugby World cup will be held in 2019 and the Walla team will be part of the tournament.